Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2013

Financial information of business segments

Business segment revenue and EBT from continuing operations is as follows:



	Years ended December 31,
	2013			2012		2011
	(In thousands)
Revenue:
Fleet Management Solutions:
Full service lease	$	2,016,570		1,956,812		1,862,304
Commercial rental	753,456			738,564		691,573
Full service lease and commercial rental	2,770,026			2,695,376		2,553,877
Contract maintenance	178,001			184,149		181,003
Contract-related maintenance	186,580			170,323		153,009
Other	72,029			71,955		69,124
Fuel services revenue	829,586			854,578		887,483
Total Fleet Management Solutions from external customers	4,036,222			3,976,381		3,844,496
Inter-segment revenue	458,464			428,944		373,834
Fleet Management Solutions	4,494,686			4,405,325		4,218,330
Supply Chain Solutions from external customers	2,383,063			2,280,586		2,206,038
Eliminations	(458,464		)	(428,944	)	(373,834	)
Total revenue	$	6,419,285		6,256,967		6,050,534

EBT:
Fleet Management Solutions	$	344,049		307,628		265,691
Supply Chain Solutions	129,959			115,193		104,898
Eliminations	(35,489		)	(29,265	)	(24,212	)
	$	438,519		393,556		346,377
Unallocated Central Support Services	(45,493		)	(42,348	)	(42,549	)
Non-operating pension costs	(24,285		)	(31,423	)	(18,652	)
Restructuring and other recoveries (charges), net and other items⁽¹⁾	154			(16,668	)	(5,789	)
Earnings before income taxes from continuing operations	$	368,895		303,117		279,387

______________


(1)	See Note 26, “Other Items Impacting Comparability,” for a discussion of items, in addition to restructuring and other (recoveries) charges, net that are excluded from our primary measure of segment performance.

Share-based compensation, depreciation expense, gains on vehicle sales, net, other non-cash charges (credits), net, interest expense (income), capital expenditures and total assets to the segment

The following table sets forth share-based compensation, depreciation expense, gains on vehicle sales, net, other non-cash charges, net, interest expense (income), capital expenditures and total assets for the years ended December 31, 2013, 2012 and 2011 as provided to the chief operating decision-maker for each of Ryder’s reportable business segments:



	FMS			SCS		CSS		Eliminations		Total
	(In thousands)
2013
Share-based compensation expense	$	4,979		4,934		9,397		—		19,310
Depreciation expense ⁽¹⁾	$	926,724		29,560		857		—		957,141
Gains on vehicles sales, net	$	(96,011	)	(164	)	—		—		(96,175	)
Other non-cash charges, net ⁽²⁾	$	19,071		3,640		33,678		—		56,389
Interest expense (income) ⁽³⁾	$	139,288		(1,864	)	(228	)	—		137,196
Capital expenditures paid ⁽⁴⁾	$	2,092,544		22,677		25,243		—		2,140,464
Total assets	$	8,309,149		869,074		160,249		(234,690	)	9,103,782
2012
Share-based compensation expense	$	5,359		4,433		9,072		—		18,864
Depreciation expense ⁽¹⁾	$	910,352		28,275		1,050		—		939,677
Gains on vehicles sales, net	$	(89,075	)	(33	)	—		—		(89,108	)
Other non-cash charges, net ⁽²⁾	$	15,567		2,768		30,874		—		49,209
Interest expense (income) ⁽³⁾	$	140,747		11		(201	)	—		140,557
Capital expenditures paid ⁽⁴⁾	$	2,090,443		19,278		23,514		—		2,133,235
Total assets	$	7,556,509		807,935		144,355		(189,820	)	8,318,979
2011
Share-based compensation expense	$	5,388		4,312		7,723		—		17,423
Depreciation expense ⁽¹⁾	$	842,094		29,118		1,050		—		872,262
Gains on vehicle sales, net	$	(62,496	)	(383	)	—		—		(62,879	)
Other non-cash charges, net ⁽²⁾	$	16,271		3,214		20,443		—		39,928
Interest expense (income) ⁽³⁾	$	133,245		(74	)	(7	)	—		133,164
Capital expenditures paid ⁽⁴⁾	$	1,653,425		30,209		14,955		—		1,698,589
Total assets	$	6,815,404		827,169		198,476		(223,214	)	7,617,835

____________


(1)	Depreciation expense associated with CSS assets was allocated to business segments based upon estimated and planned asset utilization. Depreciation expense totaling $14 million, $12 million, and $9 million during 2013, 2012, and 2011, respectively, associated with CSS assets was allocated to other business segments.


(2)	Includes amortization expense.


(3)	Interest expense was primarily allocated to the FMS segment since such borrowings were used principally to fund the purchase of revenue earning equipment used in FMS; however, interest expense (income) was also reflected in SCS based on targeted segment leverage ratios.


(4)	Excludes acquisition payments of $2 million, $5 million, and $362 million in 2013, 2012, and 2011, respectively, comprised primarily of long-lived assets. See Note 3, “Acquisitions,” for additional information.

Geographic Information



	Years ended December 31,
	2013		2012	2011
	(In thousands)
Revenue:
United States	$	5,411,376	5,231,899	5,075,432
Foreign:
Canada	455,440		477,495	481,593
Europe	372,209		384,105	324,214
Mexico	161,279		143,282	147,464
Asia	18,981		20,186	21,831
	1,007,909		1,025,068	975,102
Total	$	6,419,285	6,256,967	6,050,534
Long-lived assets:
United States	$	5,996,646	5,261,622	4,708,086
Foreign:
Canada	529,880		557,351	481,139
Europe	568,850		534,728	463,848
Mexico	29,008		24,973	19,931
Asia	279		787	847
	1,128,017		1,117,839	965,765
Total	$	7,124,663	6,379,461	5,673,851

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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